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Draft legislation offering compensation in the form of insurance benefits for military servicemen killed or handicapped during combat operations and combat duty was adopted in the second reading by Armenia’s National Assembly on Wednesday.
 
The draft legislation with the legislative enclosed package on amending 9 related laws was adopted by a vote of 98 in favour, 2 against and 1 abstention.

According to the legislation, to take effect from January 28, 2017, the families of the killed and first degree handicapped individuals will receive a onetime compensation of 10 million AMD. The families of the second degree handicapped servicemen will receive a onetime compensation of 5 million AMD.

Monthly compensations in case of death of the serviceman or the first degree handicap will make 300,000 AMD for the officers, 250,000 AMD for the junior officers and 200,000 for the privates. In case of becoming the second degree handicap, the compensations will respectively make 250,000, 200,000, and 150,000 AMD.

That amount, in the form of insurance benefit, will be paid out for 20 years. 

The program will be financed through a special fund to which every working person will monthly contribute one thousand AMD for compensation of the families of the killed and handicapped individuals during combat operations and combat duty. The Fund will also receive voluntary donations from the individuals. The money will be spent exclusively for the insurance payments. The program will have its own Board comprising individuals of high reputation who enjoy the trust of the society to oversight the entire process.

In case of an efficient functioning of the fund and availability of the financial resources, the Board of the Fund will be able twenty years later to make a decision on the continuity of these payments for the handicap persons. Otherwise, twenty years later these servicemen will start to receive social insurance benefits in the amount set by the state at that time.